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Ticker Shock: Why Advanced Micro Devices Is Behind


Wednesday's top stories and stocks with potential to move.

My wife and kids are home sick today with the stomach flu and I'm just wondering how long it will be before I get it. Something tells me I'll catch it just in time for the weekend.

Asian stocks took a hit overnight, but nothing too bad. The Hang Seng was off 1.04%, and the Nikkei was down 0.78%. But European stocks were looking up earlier this morning. And here in the US, we're currently trading higher.

Here's what I'm focused on this morning:

Advanced Micro Devices
Yesterday, Barclays Capital cranked up its rating on the company from Equal Weight to Overweight.

But in my mind, this dog don't hunt (said with a southern twang).

1. I don't understand the almost cult-like mentality that surrounds this stock and seemingly has for years. I wouldn't be that excited if everyday I went to work I had to fight Mike Tyson. That's kind of what it's doing as it goes up against Intel (INTC).

2. Is it me or do profits mean anything anymore?

3. AMD bulls, rather than send me hate mail, please pen a letter to management and ask them how they plan to resurrect the company and add value for shareholders.

Talbots (TLB):
Are these guys getting their act together?

The Massachusetts-based retailer was out with its second-quarter numbers earlier this morning and there was some good news: The chain lost $0.33 a share excluding items, which was a country mile better than the $0.52 loss analysts had been expecting.

My thoughts:

1. The bottom-line beat is a bright spot. I'm also a little more jazzed given the stock is through the $5 mark. But I'm still not buying.

2. The sales line looked a bit on the light side. And its comps were off a sickening 24.9%. Not to mention that this year's and next year's collection is full of red -- which is one way of saying it's expected to lose a lot of green.

3. Not a direct competitor I realize, but if I were looking to bet on a comeback in retail, I'd rather go with Hot Topic (HOTT). At least it's expected to be in the black.

For more on this sector, see Retailers in for Unhappy Holidays.
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No positions in stocks mentioned.

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